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Near Record Negative Gold Sentiment: -74%


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#1 Rogerdodger

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Posted 20 August 2018 - 08:15 PM

This was posted at KITCO:

Gold’s net-short positioning currently stands at 83,324contracts, a 26% increase from the previous week.

 

What Happened The Last Time Main Street Sentiment Was This Negative On Gold

 

74_Bears.jpg



#2 Russ

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Posted 20 August 2018 - 11:50 PM

Hi Roger, this chart argues gold should go up soon, the gold line is gold futures.... 


Edited by Russ, 20 August 2018 - 11:53 PM.

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#3 Rogerdodger

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Posted 24 August 2018 - 11:08 PM

So $gold had a 2.46% up week for a change on that -74% bearish sentiment.

We had higher low but not a higher high and that $1220 area has had a lot of "volume by price" and is where I see a downtrend line hanging overhead. I liked the long tail for the previous week which should have washed out some bears. Let's see how long that bottom holds.

 

Main St. Flips To Bullish


Edited by Rogerdodger, 24 August 2018 - 11:18 PM.


#4 Russ

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Posted 25 August 2018 - 07:45 AM

The real downtrend line has been breached... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#5 Russ

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Posted 25 August 2018 - 07:56 AM

Jack Chan is showing a buy signal for GLD.... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#6 Russ

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Posted 25 August 2018 - 08:02 AM

This chart is also important... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/